The Clayton Anti-Trust Act, passed in 1914, lengthened the Sherman Act's list of business practices that were deemed objectionable. These practices included price discrimination and interlocking directorates, whereby the same individuals served as directors of supposedly competing firms, monopolizing the business. It also conferred long-overdue benefits on labor. Conservative courts had been sabotaging trade unions, ruling against them as falling under the antimonopoly restraints of the Sherman Act. The Clayton Act was to exempt labor and agricultural organizations from antitrust prosecution while legalizing strikes and peaceful picketing.
No comments:
Post a Comment